Code42 Layoffs
July 2023
Code42 announced a layoff affecting 0 employees in July 2023. The company operates in the Security sector.
0
Jul 17, 2023
About
In July 2023, data loss prevention and insider risk software company Code42 conducted a round of layoffs, eliminating an unspecified number of positions across the organization. The company's CEO, Joe Payne, cited ongoing market uncertainty as the reason, stating the move was a difficult but necessary step to achieve cash flow positivity by 2024. Founded in 2001 and having raised $137.5 million in venture funding, Code42 had recently shifted its focus from its CrashPlan backup service to its Incydyr data loss prevention SaaS platform. The layoffs affected dedicated professionals across the company, which maintains healthy cash reserves and continues to operate in the competitive cybersecurity and data protection industry.
Related Events
More Security Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl